Tesla Alum’s Heron Power Raises $38M to Revolutionize Grid Tech
▼ Summary
– Heron Power, founded by ex-Tesla executive Drew Baglino, raised $38 million in a Series A funding round.
– The startup is developing solid-state transformers, which are more compact and responsive than traditional analog models.
– Heron focuses on medium-voltage transformers, used in applications ranging from substations to residential neighborhoods.
– The company aims for initial installations by early 2027 and is partnering with major energy and data center developers.
– The funding round was led by Capricorn Investment Group, with participation from notable investors like Breakthrough Energy Ventures and former Tesla executives.
The energy sector is buzzing with news of a major funding milestone as Heron Power secures $38 million to accelerate its next-generation grid technology. Founded by ex-Tesla executive Drew Baglino, the startup is pioneering solid-state transformers designed to modernize aging electrical infrastructure with smaller, smarter alternatives to conventional models.
Unlike bulky analog transformers that have dominated power networks for decades, Heron’s technology promises greater efficiency and responsiveness—critical for supporting renewable energy integration and rising electricity demands. Their focus on medium-voltage applications means these innovations could soon appear in diverse settings, from industrial substations to neighborhood power distribution hubs.
With plans for initial deployments by 2027, Heron is already collaborating with leading energy providers and data center operators. The Series A round attracted heavyweight backers, including Capricorn Investment Group and Breakthrough Energy Ventures, alongside notable Tesla alumni like JB Straubel and former CFO Zach Kirkhorn. This vote of confidence underscores the industry’s appetite for solutions that bridge the gap between legacy systems and tomorrow’s grid challenges.
By reimagining a fundamental component of power infrastructure, Heron aims to address bottlenecks in energy transmission while enabling smarter, more adaptable networks. As grids worldwide strain under climate pressures and electrification trends, such innovations could prove transformative.
(Source: TechCrunch)
